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Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) Park Co. is considering an investment that

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Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) Park Co. is considering an investment that requires immediate payment of $28,065 and provides expected cash inflows of $8,100 annually for four years. If Park Co. requires a 5% return on its Investments. QS 25-3 Internal rate of return LO P4 1-a. What is the internal rate of return? (PV of $1. FV of $1. PVA of $1, and yA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Present value factor Internal rate of return 1-b. Based on its internal rate of return, should Park Co. make the investment? Yes

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